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Fly News Breaks for December 17, 2019
SCPL
Dec 17, 2019 | 06:10 EDT
Goldman Sachs analyst Michael Ng double-downgraded SciPlay to Sell from Buy with a price target of $10, down from $12. The analyst is citing "stagnant bookings" of the 88 Fortunes, Quick Hit, Gold Fish, and Hot Shot Casino slot portfolio along with "slowing momentum" for Bingo and Monopoly lines, suggesting that the company's transition toward emerging casual games "not based on real world slot machines" may be more difficult than originally anticipated.
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